U.S. GoldMining Aims For U.S. IPO Investment

Mar. 14, 2023 1:48 PM ETU.S. GoldMining Inc. (USGO)GLDG, GOLD:CA, USGOW


  • U.S. GoldMining Inc. has filed proposed terms for a $20 million IPO.
  • The firm is seeking to explore the Whistler Project area of Alaska for mining gold.
  • With the IPO, U.S. GoldMining Inc. seeks to obtain financing as a separate entity from parent firm GoldMining Inc.
  • Given the highly speculative nature of the project and lack of business revenue, I'll pass on the U.S. GoldMining Inc. IPO, although it may attract day traders seeking volatility.
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mound of gold


A Quick Take On U.S. GoldMining Inc.

U.S. GoldMining Inc. (NYSEMKT:USGO) has filed to raise $20 million in an IPO of its units consisting of common stock and one warrant, according to an S-1 registration statement.

The firm

Whistler Project Area Map

Whistler Project Area Map (SEC)

Mineral Resource Estimate

Mineral Resource Estimate (SEC)

Statement Of Operations

Statement Of Operations (SEC)

IPO Proposed Use Of Proceeds

IPO Proposed Use Of Proceeds (SEC)

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